The Queensland Government has made major changes to land tenure legislation.

Currently, 66 per cent of Queensland's rural properties are under lease, meaning property owners must pay rent to the state government each year, despite having already purchased the property outright.

The new laws passed through parliament last night will enable landholders to transition to freehold status much more easily, which means they no longer have to pay rent.

For those who remain on leasehold land, they'll be able to apply for a rolling lease, which means their lease will be renewed without having to submit land management agreements.

"Graziers can now confidently invest in their properties and businesses knowing that their leases will be renewed on a rolling basis."

Under the new land tenure laws there are three major changes:

1. New renewal program for term leases 2. New rental payment regime which differs for term and perpetual leases3. New conversion model for perpetual leases to freehold

1. New renewal program for term leases

In the last 20 years of a term lease landholders can apply for a 30 year term, which will be added to the existing term, so there is the potential to hold a 50 year lease at any one time.

This lease will not be subject to land management agreements.

Minister Cripps says for those landholders wanting to move to a rolling lease they will be required to submit an application to the Department of Natural Resources and Mines.

2. New rental regime

The rental rates for term leases have been adjusted to 0.75 per cent of the current unimproved land value.

Perpetual leases remain at 1.5 per cent of the current unimproved land value, but the rental cap on annual increases will be reduced from 20 per cent per year to 10 per cent per year.

3. New conversion model for perpetual leases to freehold

The new conversion model for landholders wanting to convert their tenure to freehold is 1.5 per cent of the current unimproved land value multiplied by 13.1.

Previously, the cost to convert was 100 per cent of the unimproved land value.

AgForce welcomes new land tenure laws but has concerns

AgForce's Lauren Hewitt says it's the most significant land tenure reform in Queensland in decades.

But she believes more discussion is needed around the restrictions imposed on landholders as a result of native title.

"The Queensland Government has put a very cheap methodology in for term leases to move to freehold but the reality is unless you address native title that's not an option.

"So how do we have a frank and open conversation that gives all parties in that discussion what they want."

Landholders see new laws as an opportunity of a lifetimeGrazier Grant Maudsley from Napla station, near Morven in south west Queensland says the changes "give us certainty which allows us to progress forward."

He says despite the current lack of finance in rural Queensland, graziers need to capitalise on this once in a lifetime opportunity.